Skip to main content

What is VAT and Features of A-VAT Software?

vat software
VAT (Value Added Tax) -  The value-added tax is levied on the sales of goods. In the VAT where a seller sells its goods to the customer's VAT liabilities will levy on him. One can take the benefit of the input tax credit if he/she already paid tax on purchases. The central government has introduced a new GST Act to replace VAT and other taxes in India from 1st July 2017. Here, taxpayers can read the differences between GST and VAT for deep understanding.

Features of Value Added Tax

  • The VAT is an Indirect Taxation that is collected on every type of sale.
  • The VAT is levied on goods and services, which is provided by the sellers on the value of products.
  • The 15 percent VAT is applicable on the Goods and Services
To make your taxation simpler, you can go with our software named All India VAT. It is an innovative software that will make your task simpler and easier. It is the best solution under the one roof, such as this software automatically calculates the amount of tax according the States.

vat software india

Features of All India VAT Software

  • Generation of Online/Offline VAT & CST Registration.
  • VAT/CST returns (online/offline)
  • Entry Tax Returns (online/offline)
  • It is applicable in 24 states only
  • Department forms, e.g C form, D Form, E1/E2 Form, H Form
  • Data import from tally (M. S Excel Sheet, Busy Sheet)
  • Generates an MIS report (Registration/ Return)
  • Data can import from excel sheet and for the Chattisgarh, the data can import in XML form
  • Defined the client list with their master data.

Comments

Popular posts from this blog

Why Small Firms Should Consider Gen Payroll Software?

Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...

How ITR Software Assists Individuals in Filing Tax Returns

Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...

A List of Top Chartered Accountant Software in India

Here, we introduce Genius as a helpful tax compliance software for chartered accountants in India. As we know, the taxation system is vast, with several taxes levied by the Indian government in the form of income tax, TDS, wealth tax, etc. So, instead of e-filing that many taxes, the need for software arises, which can e-file several taxes at once. SAG Infotech's developer team always gives new updates to the taxation industry. Genius Tax Software It is a complete package with facilities like Gen BAL, Gen IT, Gen CMA, Gen Form Manager, Gen e-TDS and AIR. Also, It provides maintenance aids of the database containing information of clients such as their address and telephone directory, partner’s details and signatory details. With Genius, one can also grow with your business.  Genius is an unlimited tax return filing software for clients in such a way that one can backup, restore data set passwords, etc. While the help option gives a solution for any of your problems. Another fa...